I met a few times an elderly gentleman who had organised exactly this in rural Victoria and NSW during the 1989-1992 recession here in Australia.
He was Calabrian, and possessed of a certain credibility that discouraged "squirelly" bidders.
I didn't ask, but a mutual friend told me the elderly gentleman hadn't even charged the bankrupt farmers for this "service". He apparently saw it as a public service, though I'm sure he wouldn't be shy about turning up a decade later to call in the favour...